AS2 4.76% 2.2¢ askari metals limited

Ann: Executes Landmark Deal to Acquire Advanced Li-Ta-Sn Project, page-169

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  1. 3,514 Posts.
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    WR1 went from a little known stock to having millions and millions of shares being traded a day, a lot of that changed in 2-3 weeks, just goes to show how quickly things can change.

    As for AS2, they may not get as high grades as WR1, but the advantage for AS2's project locations is weather, year round mining when they get to production, where as WR1 are gonna get snowed in, in the harsh Canadian winters, in saying that WR1 does have advantages of being closer to major manufacturing hubs. However shipping overseas has been no barrier for PLS for reaching a 15b+ MC. Also AS2 has projects in Australia, so if your invest in AS2, you are supporting Aussie mining projects and more Aussie jobs, it would be nice for WR1 to get an Aussie project imo for that reason, but it's focussed on Canada at the moment, that is Chris's focus for WR1, in saying that, this has worked out well for WR1, WR1 is also a pure lithium play, while AS2 has some diversity in resources, also AS2's MC is still cheap as dirt. Both have their advantages as different stocks, can't have all the advantages though.

    If a couple of projects turn out to be good here though, AS2 may be a fair comparison to GL1, and there's quite a lot of upside potential to reach a MC like GL1. Just need to get the drills spinning.
 
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